FASB published the Accounting Standards Update No. 2019-07 that amends various SEC paragraphs pursuant to the issuance of SEC Final Rule Releases No. 33-10532 on "Disclosure Update and Simplification" and Nos. 33-10231 and 33-10442 on "Investment Company Reporting Modernization." Certain miscellaneous updates to agree to the Electronic Code of Federal Regulations have been also incorporated. Additionally, the amendments in this update require improvements to the U.S. GAAP Financial Reporting Taxonomy; these improvements will be incorporated into the proposed 2020 Taxonomy and finalized as part of the annual release process.
Related Link: Accounting Standards Update (PDF)
Keywords: Americas, US, Banking, Securities, Accounting Standards Update, Disclosure, GAAP Taxonomy, Reporting, SEC, FASB
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EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.
MAS published the guidelines on individual accountability and conduct at financial institutions.
APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.
SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.
FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.
ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.
OSFI published the key findings of a study on third-party risk management.
FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.